Monday, 19 August 2019

Tag Archives: technology

Monaco rolls out Huawei-built 5G network in European first

MONACO: Monaco became the first country in Europe to inaugurate a next-generation 5G mobile phone network based on technology from Chinese firm Huawei, which is seen by the US as a major security risk. As mobile operators shift away from slower 3G and 4G networks, Europe has been torn over ...

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Bitcoin trades above $11,000

LONDON: Bitcoin tested 15-month highs after jumping more than 10pc over the weekend, with analysts ascribing the spike to growing optimism over the adoption of cryptocurrencies after Facebook unveiled its Libra digital coin. The original cryptocurrency hit $11,247.62 on the Bitstamp exchange, its highest since March last year. It later ...

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China prepares law that may ban US tech firms

BEIJING: China’s Cyberspace Administration has proposed a set of cybersecurity measures which, if signed into law, would require operators of China’s critical information infrastructure to “evaluate national security risk” when acquiring foreign products and services, the South China Morning Post reports. China’s internet watchdog is said to have published the draft regulation online for public feedback ...

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Data watchdog opens first investigation into Google

PARIS: The State’s data watchdog has opened its first investigation into Google to examine a suspected infringement of EU privacy rules covering the sharing of personal data of internet users. The Data Protection Commission has begun a statutory inquiry – the regulator’s 19th investigation into a big tech company – ...

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New Zealand blocks Huawei, in blow to Chinese telecom giant

NEW YORK TIMES: New Zealand has blocked Huawei from supplying technology for a next-generation mobile data network in the country, joining the United States and other developed countries that see the Chinese telecommunications equipment maker as a security threat. New Zealand’s intelligence agency rejected a proposal from Spark, one of ...

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Facebook CEO plans 2019 forums on tech’s role in society

NEW YORK: Facebook Chief Executive Mark Zuckerberg unveiled his personal goal for 2019: convening a series of public forums on how technology can better serve society. “My challenge for 2019 is to host a series of public discussions about the future of technology in society – the opportunities, the challenges, ...

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Trade wars cost US, China billions of dollars each in 2018

CHICAGO : The US-China trade war resulted in billions of dollars of losses for both sides in 2018, hitting industries including autos, technology – and above all, agriculture. Broad pain from trade tariffs outlined by several economists shows that, while specialized industries including U.S. soybean crushing benefited from the dispute, ...

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ASOS ups investment as sales grow 27 percent

LONDON: Online fashion retailer ASOS said it would step up its investment in logistics and distribution after reporting a 27 percent rise in first-half sales on Wednesday and forecasting similar growth in the second half. The British company, which targets twenty-something shoppers, reported retail sales of 1.13 billion pounds, and ...

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London was top destination for tech funding in 2017

LONDON was the top city in Europe for technology investment last year, with more funding going into companies in the British capital than into firms based in Paris, Berlin and the next seven cities combined, data showed on Friday. Tech firms in London attracted 2.45 billion pounds ($3.3 billion) in ...

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